The Gazprom Board of Directors took note of the information concerning the Company's development strategy over a long-term period.
The meeting highlighted that establishment of Gazprom as the leader among global energy companies was its main strategic goal. This goal is attained by diversifying products and sales markets, enhancing the reliability of supplies, higher performance and making the best of its sci-tech potential.
Gazprom has a number of competitive advantages contributing to its efficiency and reliability. These are a vast feedstock base and powerful production capabilities, a unique Unified Gas Supply System (UGSS) with its high responsiveness to changes in any of its elements as well as a strong vertical integration and a significant business, research and design potential. Being perfectly positioned between Europe and Asia, the Company can boast a portfolio of long-term gas supply contracts, a long-standing record of cooperation with foreign partners and a reputation of a reliable supplier.
Gazprom is taking great efforts to reinforce its positions in the world energy market. The Company is the global leader by natural gas reserves amounting to 35.1 trillion cubic meters. Due to exploration activities the gas reserves additions have sustainably exceeded its production volumes in the last eight years.